Given the following data (all for 1-year) :
Today's spot exchange rate is 10.5 pesos per dollar. In equilibrium, what is the expected future spot rate (EFS) in one year?
A) P10.7000/$
B) P11.2476/$
C) P10.7059/$
D) P11.2350/$
E) None of the above.
Correct Answer:
Verified
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